708 Cottonwood Ln Newton, KS 67114

This exceptional multifamily investment opportunity comprises thirteen duplex buildings, totaling twenty-six units, situated in Newton, Kansas, at 708 Cottonwood Ln, 67114. Currently boasting 100% occupancy, this portfolio presents a compelling return on investment. Each unit features two bedrooms and one and a half bathrooms, and is in good condition. The current average monthly rent per unit is approximately $900, offering significant potential for rental income growth. Market analysis suggests rental rates could easily increase to $1200-$1400 per month, substantially boosting the property's cash flow. The property's strong performance is reflected in its impressive 12.21% current cap rate and a pro-forma cap rate of 16.28%. The asking price is $2,300,000, translating to $88,461.54 per unit. The Net Operating Income (NOI) is currently $280,800, with a pro-forma NOI of $374,400. Newton is experiencing robust growth, fueled by new developments such as a PGA-scheduled golf and event center, a medical center, new factories, and Kansas's first QT Truck Stop. This positive growth trajectory makes this portfolio an attractive investment in a thriving community with strong rental demand. This turnkey property offers a high cap rate and immediate cash flow, making it an ideal addition to any investor's portfolio.